Gift Mandated Retirement Distributions Tax-Free

Required Minimum Distributions (RMDs) take effect the year an IRA owner turns 73, so the government can start collecting taxes. This is payback for making tax-deductible retirement contributions while working. A few years ago, Congress enabled retirees to give any portion of RMDs tax-free charitably! The Qualified Charitable Distribution option allows for gifting to recognized … Continue reading Gift Mandated Retirement Distributions Tax-Free